Montrose, IL
Population 276 · Illinois
About Montrose, IL
Montrose is a small community located in Illinois with a population of 276 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,821 per year, which is 27% below the national median of $75,149. The median age of 40.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Montrose features a median home value of $125,000, which is 49% below the national median of $244,900. This makes Montrose one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $393, 66% below the national average of $1,163/month. Of the 125 total housing units, 76% are owner-occupied (82 units) and 24% are renter-occupied (26 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Montrose shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.6%, above the national average of 12.4%. Workers in Montrose have an average one-way commute time of 35 minutes.
Education & Demographics
8.7% of Montrose residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 6.2% White, 0.4% Hispanic or Latino, 3.6% Black or African American, and 0.0% Asian residents, with 1.4% of the population being foreign-born.
How Montrose Ranks in Illinois
Cost of Living in Montrose, IL
Compared to national averages, Montrose has a median household income of $54,821 (27% below the national median of $75,149). Home values average $125,000, which is 49% below the national median. Monthly rent at $393 is 66% below the US average of $1,163. Within Illinois, Montrose's income is 27% below the state average of $75,072, and home values are 25% below the state median of $165,779.
Why Live in Montrose, IL?
Montrose offers affordable housing with a median home value of $125,000, below the US average of $244,900, and rent that’s lower than the national average at $393/month, and a strong job market with an unemployment rate of just 2.0%.
Potential considerations include median household income ($54,821) that falls below the national average. However, Montrose’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montrose has a population of 276 with a median age of 40.6 years. Compare Montrose with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Montrose
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Omaha | 276 | $63,750 | $44,600 | Compare |
| Menominee | 275 | $115,000 | $253,100 | Compare |
| Vergennes | 274 | $48,594 | $92,000 | Compare |
| Blairsville | 279 | $73,077 | $143,800 | Compare |
| Bureau Junction | 279 | $54,063 | $53,700 | Compare |
| Coalton | 280 | $76,250 | $81,000 | Compare |
| Kilbourne | 272 | $40,625 | $69,200 | Compare |
| Grand Detour | 282 | $74,141 | $162,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Montrose With Other Cities
Frequently Asked Questions about Montrose
What is the population of Montrose, IL?
The population of Montrose, IL is 276 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Montrose?
The median household income in Montrose, IL is $54,821 per year, which is 27% below the national median of $75,149.
What is the median home value in Montrose?
The median home value in Montrose, IL is $125,000, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Montrose?
The median monthly rent in Montrose, IL is $393, which is 66% below the national average of $1,163/month.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose, IL is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Montrose, IL a good place to live?
Montrose offers a moderate cost of living, affordable housing, and a strong job market. With a population of 276 and a median age of 40.6, the city appeals to a broad range of residents.
How educated is Montrose, IL?
8.7% of residents in Montrose aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Montrose?
Key cost-of-living indicators for Montrose, IL: median home value is $125,000 (49% below national), median rent is $393/month, and median household income is $54,821. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Montrose?
The poverty rate in Montrose, IL is 15.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Montrose, IL?
Montrose's population is 6.2% White, 0.4% Hispanic or Latino, 3.6% Black or African American, 0.0% Asian, and 0.7% two or more races. 1.4% of residents are foreign-born.